NMC demands exemption of dearness allowance from the ambit income tax

National Mazdoor Conference (NMC) today demanded exemption of dearness allowance from the ambit income tax as DA is directly linked with price index.

“The price escalation is directly linked with the DA of the salaried class and pensioners but it was strange that the income tax is also imposed on the increase of the salaries because of the DA,” said Subash Shastri, President National Mazdoor Conference while addressing well attended NMC workers rally at Village Kanjali last evening adding that there is no justification of imposing income tax on DA.

Shastri also asked Union Finance Minister Arun Jaiitey to reconsider the practice and announcement in this regard should be made during the ensuing budget session parliament. He also said that income tax exemption limit should be raised to Rs 5 lakh from existing Rs 2.5 lakh. Stressing on the need Shastri demanded immmediate issuing an administrative order immediately so that the implementation of the same takes place from January 1, 2016 as per the commitment made by the NDA government to the salaried class. Among others who also spoke on the occasion were Rajan Babu Khajuria, B.S.Jamwal, Sunil Kochar, Surinder Kumar, Bhupinder Singh, Mohan Lal, Sukhdev Singh, Karan Singh and others.